Business & Economy

The Saudi cabinet on Wednesday approved the authorization of the Minister of Energy, Industry and Mineral Resources, or his deputy, to discuss with the Iraqi side a draft memorandum of understanding between the Kingdom of Saudi Arabia and the Government of the Republic of Iraq in the field of electrical energy. Systematic.

It also agreed to authorize the President of the General Audit Bureau, or his deputy, to discuss with the Iraqi side a draft memorandum of understanding between the General Audit Bureau of the Kingdom and the Federal Financial Control Bureau in the Republic of Iraq to cooperate in the field of accounting, Final signed, to complete the formal procedures.

The Chairman of the Board of Directors, and Chief Executive Officer for “GE” John Flannery, said Tuesday that his company is working on the repair and restoration of power in Mosul and provide 750 MW for the Ministry of Alkahraba.oukal Flanery in an interview with the newspaper “Middle East” “Our operations in Iraq contribute to positive impacts on communities in vital areas such as health care and energy.

For example, we are supporting the restoration of the power plant in Mosul and the provision of 750 megawatts to the Ministry of Electricity, “He added that” his company is working on the implementation of the project “We will continue our collaboration with customers and partners to achieve these goals.”

Rafidain Bank, on Wednesday, the term of repayment of modern car loans by installments, noting that the bank’s branches are available conditions for the purchase of cars.

The bank’s information office said in a statement received by Alsumaria News, a copy of it that “the repayment period of modern car loans up to five years, including a three-month grace period.”

The office added that “the type of loan granted for the purchase of cars by installments has been determined from the branches of the bank deployed in Baghdad and the provinces,” adding that “the citizen and employee can see the conditions to buy the car by going to branches of the bank.”

The Rafidain Bank, on April 22, 2018, announced the launch of loans for the purchase of modern cars for citizens and employees by installments.

Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Monday that Iraq will pay $ 10 billion of its debt in 2022, noting that Iraq got a good credit rating.

“Iraq will pay its debts, which will not be less than 10 billion dollars in 2022,” Saleh said in the program “Sahour Iraqi” broadcast by Alsumaria channel.

He added that “the government to hedge from now to pay these large debts through the establishment of a fund to compensate the debt by putting funds in it annually,” stressing that “Iraq is able to pay these debts, especially after Iraq obtained a good credit rating, and experience proved That Iraq has not been late to pay the debts incurred previously.”

Iraq has received foreign debts from the International Monetary Fund and the World Bank, in addition to internal debt by offering private equity bonds to finance his public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its public budget.

The Director of the Iranian sugar cane company, during a meeting with a delegation from the Iraqi Ministry of Agriculture, he will be planted 20 thousand hectares of sugar cane in the province of Maysan.

The company said that “at a meeting of the Director General of the sugar cane company Mahmoud Shamli with the delegation of the Iraqi Ministry of Agriculture announced the company’s readiness to provide all scientific services, engineering and industrial comprehensive project for the cultivation of cane sugar.

“The meeting focused on a plan to grow 20,000 hectares to convert it to sugar cane farms in Maysan province,” she said.

“The company and its research center have the ability to provide expertise in the field of sugar industry and transportation to Iraq,” he said. “The company can provide expertise in scientific sugar research, including genetic modification, sugarcane products and research on new methods of rearing and harvesting.”

The sugar cane project in Iran laid the foundation stone of the Americans and then revived Sheikh Hashemi Rafsanjani through Egyptian engineers, given the Egyptian engineer’s competence in this agriculture, despite strong opposition.

One of the problems faced by the sugarcane project in Iran is the washing of soil, where surplus water carries a high percentage of salts, part of which is poured into the Karun River, which raises the salts in the water to high degrees, or the water transferred to the great Hor and the flask that destroyed the environment of fish and birds Migrating to the point of transfer of water to wash the soil to the Gulf through a channel extending to hundreds of kilometers, in addition to the volume of water used in the project, the production of 616 000 tons per year of sugar to 3.8 billion cubic meters of water.

Where the company was forced after the environmental situation to develop water reservoirs to evaporate the water of washing near the rivers, which led to the taking of more land and increased the proportion of salinity of the surrounding land and in rivers, in addition to large incineration operations to remove the remains of sugarcane plantations, which increased pollution Air near farms.

Iranian experts find that “importing sugar will cost them less than one kilo of sugar, money, water and labor, especially with the difficult phase of the sugar cane companies and their inability to pay the salaries of their employees, as happened in the area of” Archaeological “.

Iran’s sugar cane company annually produces about 629,000 tons of sugar and fills 40 percent of the country’s domestic needs.

The branch of the distribution company of oil products in Maysan, announced the direct processing of citizens fuel cars from the liquid gas (LPG). The head of the company’s branch Qassim Mutasher Al-Daraji said in a statement: “Now that the citizens who are working their cars liquid liquid gas to be supplied from the station Rehana Maysan civil newly built in the city of Amara,” noting that “was installed a new system of liquid gas filling successfully, And supervised the company’s branch. ”

He added that “the capacity of the regulator to supply the wheels (72) thousand liters of liquid gas, and the pumps of the number of (2) double,” noting that “the plant was newly built and contains (14) pump for gasoline and other fuels. He added that “

The International Development Bank of Iraq was awarded the Excellence Award and best performance of the results of the work achieved (Bussiness Performance) in 2017 from MasterCard International.

It was the International Development Bank for Investment and assessment of the funding as the best bank in Iraq by the MasterCard Worldwide Based on the results of business achieved by the bank in 2017 and it was delivered Chairman of the Board of Directors of the Bank Ziad Khalaf Abdul Shield of MasterCard International Company, represented by its Director MohamedIn Jordan and the Levant.

This achievement is in addition to the number of successes achieved by the bank in the past few years, which greatly appreciates the role of Al-Kabeer and Al Jawhari, Chairman of the Board of Directors Ziad Khalaf Abdul in the leadership of the bank to the high levels in addition to having a huge infrastructure in the field of banking technology and human resources and technology in this field and in line with Initiative of the General Secretariat of the Council of Ministers and the Central Bank of Iraq to implement the policies of financial inclusion in the field of electronic services.

The shield was handed over to the Bank’s Representative Office in the UAE and the Bank recently completed all requirements of the UAE Central Bank to open the representative office.

Oil Minister Jabbar Ali al-Luaibi opened the northern isolation station in the Zubair oil field in Basra province with a capacity of 200,000 barrels per day. Al-Luaibi said that the plant will make an important contribution to the production plans of the field and improve the specifications of oil extracted, and achieve high flow in the process of production, processing, storage and export. Adding that this achievement is an important detail in the production process of the Zubair oil field. He added that the project carried out by the company “Samsunk” includes four isolation banks and four systems for the treatment of oil as well as four water injection pumps with a total capacity of 450,000 thousand barrels and the cost of 894 million dollars.

He added that the station was built with modern specifications and technology in the oil industry. It includes a main station for electrical power and buildings for operation, maintenance and management. It also contains reservoirs for crude oil, water injection, sea water, clean water, safety and firefighting, as well as water desalination, washing and drinking units. Al-Allaibi said that the ministry was keen to develop the necessary plans for the implementation of development programs for oil fields in cooperation with international companies to increase and sustain production in accordance with plans and programs prepared in order to achieve common objectives, including the Zubairalnfti field, which currently produces 450 thousand barrels per day, and we are in the plans to promote the oil industry and achieve the goal.

The optimal investment of gas associated with the oil operations and stop the burning of gas permanently in 2022. He stressed that the achievement of today’s achievement will add a lot to the field of oil Zubair, a new achievement added to the achievements previously achieved. He added that the project is one of the largest projects implemented by the Zubair Operating Authority since its establishment, which is positively reflected on the development of this important field and the preservation of the environment and reduce the environmental pollution, which requires the ministry to achieve its goal of preserving the environment through the use of modern technology in the administration Fields and oil industry.

The Minister stressed the need to keep pace with the development of oil fields, the implementation of the joint bodies of oil fields a number of service projects and humanitarian for the people of the province of Basra, especially in the areas and cities where the projects are held, as well as projects residential complexes, recreational and health and others. He praised the efforts of Italian company ENI to cooperate in providing early detection of cancer diseases for the pediatric hospital. This is an important step to save our children.

We are keen to provide the necessary supplies to Al Zubayr Hospital and establish a number of important projects that contribute to upgrading the services and infrastructure, including the Jisr Al-Zubayr project and a number of important street projects.

For his part, the representative of the Italian company Eni «Nicola Akari» praised the cooperation of the ministry and the creation of an environment conducive to work, which contributed to the completion of the project and achieve the desired goals.

The Ministry of Oil announced the signing with the company Bp global contract to develop fields in the province of Kirkuk. Oil Minister Jabbar al-Allaibi said during the signing ceremony of the contract to develop the fields of Kirkuk with Bp global. “The decline in oil production of the Kirkuk fields because of the circumstances and challenges experienced in the province over the past years, so we have to re-evaluate the comprehensive fields and oil installations and to find the technical treatments required according to a modern vision using modern technology and this is carried out by the company Bp global.”

He added Allaibi “Also to develop appropriate solutions for the investment of gas associated with oil operations and increase production, which supports the local need of this article. For his part, the regional head of Bp Middle East Michael Townsend praised the joint cooperation with the Ministry of Oil in the development of oil fields and that his company will, in accordance with this contract, conduct a comprehensive assessment of oil fields and develop appropriate solutions to the technical problems and treatments needed, as well as development processes and improve the efficiency of technical and productive performance of fields And oil facilities.

The most important objectives of the contract, said the spokesman of the Ministry of Oil Assem Jihad that the purpose of this contract is to conduct a comprehensive assessment of the fields of the province of Kirkuk and to develop plans to increase production, and that Bp will conduct technical surveys and geology Technical and scientific evaluation of the fields, wells, installations and oil pipelines in order to develop the necessary solutions to address the technical problems and work to develop and increase the production and optimal investment of associated gas.

The Ministry of Commerce announced that the General Company for the trade of cars and machinery continued to sell and market saloon cars, machinery, equipment and machinery to the state departments and citizens during the month of April.

The ministry’s statement issued by the media office quoted the general director of the company Ali Badai as saying that the company marketed 52 cars to the state departments of saloon, pickup, lorries and field cars with a financial value of JD (1,776.118,000), in addition to continuing to market saloon cars (private- For citizens manufactured in the General Company for the manufacture of cars or imported by the private sector companies contracting with the car trading company according to the memorandums of understanding. The total number of cars sold to the citizens in a total of (188) different types of cars and originators and amounted to financial (2,343,767,278).

The sales department of the marketing department of the company sold five L550 type laps, which were supplied by one of the company’s contracting companies at a price of JD (1,395,175,000). The tools division also marketed its sales of spare parts and the amount of (41,988,190) Dinars.

He pointed out that the Muthanna storage yard equipped various types of cars saloon, pick-up and load, where the vehicles are equipped with Mbysubishi pickup (4) and a car of the Lori (1) to the Department of Education of Kirkuk and within the contract with the company in addition to the processing of Nissan pickup (1) a single diesel to the central refinery and processing (15) car type Hyundai Sentavi 4WD to the Ministry of Oil.